Recent content by maadha

Thanks for the feedback. Can anyone PM me a recommendation for a broker that may be able to assist with this financial hurdle I'm trying to jump? Cheers

Getting poor advise re business structure (expensive, high profile advice I might add) and then getting smashed for 90k by the Ato for 5 years worth of tax owing due to them auditing the structure. Having to find 90k hurts like hell but the lost opportunity of 90k is what really kills me...

Thanks Paul. Is there a better way to go about this then? Basically the In-Laws are born and bred Poms and still live there. We can potentially borrow a bit from them to help us over a few hurdles and then pay them back over 5 years. Cheers.

Hi Roy, I'm very interested in this as we have some family in the UK and are thinking of approaching them for a loan to get us through some financial problems. This is literally the first thing i've found on the topic so will watch with anticipation. Would welcome any other info you may have...

Not many cheap tradies in the shire i'm afraid. I've found some painters in Liverpool that did some work in the shire and were pretty good. Maybe similar with other trades.

Does anyone know of Accountants or tax lawyers specialising in this area? While my accountant is working with the ATO at the moment I wouldn't mind some 2nd opinions. If I'd have got a 2nd opinion 5 years ago I may not be in this mess! Thanks again for all the replies.

Hi Scott, I had to go through these management companies due to the fact that the larger institutions I work with no longer allow for direct relationships for contracting. You have to go through a 'prefered supplier' and to get on that list cost a lot of money. It was more cost effective to...

I'm wondering about a strategy to pay of some of the debt via a credit card and then transfering that amount to 0% credit card over 16 months? Is this even feasable? I will be going via my accountant to work out a plan but wondered if anyone has thoughts on this??

Thanks Geoff, My wife is a champion and has already helped my frame of mind a lot. She's only little but she is tough! I'm glad to hear that you came out the other side. As you say, it can be very dark and that's where we're at right now so hopefully we see some light sooner rather than...

Situation arose because the management company I use for work (I'm an It contractor) wound itself up and the ato has swooped in an audited all contractors involved. Basically saying I'm an employee and can't claim all the expenses I've had for the past 5 years. They've now stung me with 90k...

Thanks Marty. 90% is original LVR we arranged when taking on the loan. I should have been more clear. Cheers.

Hi All, Has anyone had experiance in paying large ATO debt by accessing equity in a property? Example: ATO Debt = 90k Property Val = 620k Loan Amount = 400k LMI = 90% Thanks

Has it now swung back to be a better choice (financially - on paper) to buy rather than rent? http://propertyupdate.com.au/rent-versus-buy-what-makes-more-cents/ Just read the following and interested to see what the SS take on this is?

Hi, Anyone have any recommendations for a selling agent in Gympie, QLD? Thanks.

Does anyone know if this is still available to purchase? I've seen it mentioned a few times on the forum but cannot seem to track down anyone still selling it. Cheers.